That’s the spirit

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THE recent demise of Allied Domecq, now part of its French rival Pernod Ricard’s bulging drinks cabinet, has provided Goldman Sachs with the opportunity to resurrect its embarrassingly short-lived role as joint broker to Diageo.

In February Diageo announced that it had appointed Goldman as joint broker alongside Credit Suisse First Boston. But less than a week later it had to withdraw after Allied objected to having its financial adviser working for its biggest rival, even in a different capacity.

I hear that Paul Walsh is now thinking about rehiring Goldman to work with CSFB. Which just goes to prove